Egypt pumps $2 bn into banking system from bond issue

Egypt's central bank said Thursday that it had issued $2 billion in bonds to international creditors to buy up assets and restore liquidity to its troubled financial system.

Russia Sees IMF’s Next Loan Tranche Promise to Ukraine as ‘Unfounded’ - Minister

Russia views as unfounded the International Monetary Fund’s (IMF) announcement that Ukraine met all conditions to receive the next loan tranche, Russian Finance Minister Anton Siluanov said Monday.

Russia Files Lawsuit Against Ukraine Over Unpaid Eurobonds

Russia has filed a lawsuit against Ukraine after Kyiv failed to repay a $3 billion Eurobond.

Russian, Ukrainian finance ministers fail to agree on Kiev’s $3bln debt restructuring

The finance ministers of Russia and Ukraine reached no agreement on Friday to restructure the $3 billion debt Kiev owes to Moscow, but will maintain the dialogue, Russian Finance Minister Anton Siluanov has said.

Germany benefits massively from Greek crisis (study)

Germany received significant benefits from the Greek crisis in recent years, saving more than 100 billion euros (about 109.7 billion US dollars) in interest payments on its debts, a study found on Monday.

Greece should resume policy dialogue and agree on reforms, Draghi tells MEPs

The European Central Bank’s expanded asset purchase programme, better known as “quantitative easing” (QE), is starting to make headway across the EU, ECB President Mario Draghi told Economic and Monetary Committee MEPs on Monday.

Bulgaria In Need of Another $9.3Bln Loan to Pay Back Current Debt

Bulgaria needs to borrow up to 16 billion Bulgarian levs ($9.3 billion) in order to pay back the country’s current debt, Bulgarian Finance Minister Vladislav Goranov said on Wednesday.

No enough progress made in talks on Greece debt crisis

Eurogroup head Jeroen Dijsselbloem said on Wednesday they didn't make enough progress in talks with Greek finance minister on the Greek debt crisis during the eurogroup meeting and talks will be continued next Monday...

Argentina asks US appeals court to reverse Griesa's contempt ruling

Argentina asked the federal appeals court in New York to reverse Judge Thomas Griesa's ruling which said Argentina was in civil contempt of his orders for working on a plan to shift control over payments of its restructured debt to Buenos Aires, according to a court filing yesterday and reported by international news agencies today.

US District Judge Thomas P. Griesa in September cited Republic officials for wrongly trying to replace Bank of New York Mellon with Nacion Fideicomisos SA as indenture trustee.

US judge Thomas Griesa declares Argentina in contempt of court, monetary fine decision postponed

New York district judge Thomas Griesa has declared Argentina in contempt of court, due to the nation's actions in attempting to change debt jurisdictions as a result of the ongoing judicial conflict with holdout investors presided over by the US magistrate.

The justice deferred the imposition of financial penalties worth up to 50,000 dollars a day for a later date.

Ban on buying Russian bonds eyed as EU envoys meet (sources/REUTERS)

BRUSSELS - Europeans could be barred from buying new Russian government bonds under a package of extra sanctions over Moscow's military role in Ukraine that European Union ambassadors were to start discussing on Monday, three EU sources said.
EU leaders decided at a summit on Saturday that the direct engagement of Russian troops in the war in eastern and southern Ukraine - still denied by Moscow - called for a stepping up of sanctions imposed so far unless Russia pulled its soldiers back.

German Chancellor Angela Merkel, who led the drive for a tougher EU response, said on Monday that Moscow's behavior in Ukraine must not go unanswered, even if sanctions hurt the German economy, heavily dependent on imported Russian gas.

Greek media count fruits of Chinese premier's Greece visit

Greek media on Sunday counted the fruits of Chinese Premier Li Keqiang's three-day visit to Greece, which ended Saturday, saying it has furthered the mutually beneficial cooperation between the two countries.

An article entitled "Beijing casts a vote of confidence to Greece" on the news website www.real.gr said Li's visit laid the foundation for the long-term Greece-China cooperation that will bring significant Chinese investments to Greece. "Li's schedule indicated China's interest in investments."

Cyprus to roll over 1b euros in local bonds

Cyprus announced on Thursday that it plans to exchange one billion euros ($1.3 billion) in local government bonds for new ones with longer maturities under its bailout deal with international lenders....

NICOSIA: Cyprus announced on Thursday that it plans to exchange one billion euros ($1.3 billion) in local government bonds for new ones with longer maturities under its bailout deal with international lenders.
The finance ministry said the existing bonds, which mature during the bailout period (2013 through the first quarter of 2016), will be replaced with five new issues holding the same coupon rate and at five-10 year maturities.
"This debt management exercise is in accordance with Cyprus's commitments under the programme agreed with international partners," the finance ministry said.